Workshop outlines incentives for gas retailers

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Rural gasoline retailers who want to increase profits and take advantage of tax credits, grants and guaranteed loans to install or convert retail pumps and tanks to dispense E-85 fuel should attend the E-85 Blender Pump Assistance Program Workshop on Monday, May 23, 2011 at the Rosen Centre Hotel in Orlando, Fla.
The free, three-hour workshop starts at 9 a.m. and will feature presentations from USDA Rural Development, Clean Fuels Development Coalition, GE/Dresser-Wayne, GILBRACO/Veeder Roots, the Small Business Administration, the Internal Revenue Service, and Southern States Resource Group Inc.  Each speaker will address specific E-85 programs and funding opportunities available through their organization.
“The Obama Administration has set a goal of making 10,000 new flex-fuel pumps available to America’s drivers within the next five years. That’s a five-fold increase from today’s level,” said USDA Rural Development State Director Richard A. Machek. “With more than 500,000 flex fuel cars travelling the state’s roads and only 66 flex fuel stations operating to serve them, Florida gasoline retailers have a real opportunity to increase profits by taking advantage of these incentive programs and tapping this underserved market.”
To register for the E-85 Blender Pump Assistance Program Workshop, phone Robert Hurst at 239-415-7800, or e-mail SouthernStatesRG@cs.com.

Incentives and Deadlines:
n 25 percent down payment assistance grants available to gasoline retailers in rural areas for E-85 Blender Pump infrastructure.
n 50 percent USDA loan guarantees for E-85 conversions, blender pumps and tank additions.
n 30 percent IRS Infrastructure Tax Credits (expires Dec. 31, 2011)
n June 15, is the USDA application deadline.